Institute of Directors in Ireland welcomes Government focus on corruption and white collar crime

The Institute of Directors in Ireland (IoD) welcomes the Government's focus on tackling corruption and white collar crime through a package of measures to be published today,

which includes the decision to establish the Office of the Director of Corporate Enforcement as an independent agency.

Commenting, Maura Quinn, Chief Executive of the Institute of Directors in Ireland, said: "The decision to put the ODCE on a statutory and independent footing to enforce company law is to be welcomed. However, it is imperative that the agency is appropriately structured and given sufficient resources to effectively deliver on its objectives.”

In a recent survey with IoD members*, 74% of respondents said that non-compliance with regulatory / governance requirements is a top concern for their board while 1 in 10 (10%) respondents claimed that bribery and corruption is a moderate risk facing companies in Ireland.